AAPLSPYMSFTNVDAGLDETHTSLAQQQXRP
If Strategy bought Microsoft instead of Bitcoin…
$79.1B↑ vs $68.2B BTC value
Total invested
$63.7B
118 transactions
MSFT value today
$79.1B
+24.2% return
BTC value today
$68.2B
+7.0% return
MSFT outperformed by
+$10.9B
+17% more return on capital
Bitcoin (actual)
MSFT (hypothetical, total return)
Quietly working in the background
Dividends earned along the way
MSFT paid 25 dividends over this period
Cash dividends paid
$998M
before reinvestment
Compounded reinvested value
$1.2B
↑ $193M from reinvestment
Share of MSFT's total return
1.5%
rest is price appreciation
Where MSFT's $79.1B value comes from
total return = price + dividends
Price appreciation · $77.9B
Dividends · $1.2B
Price-only return
Reinvested dividends (compounded at ex-date avg price)
MSFT's lead over Bitcoin is largely price appreciation. $998M in dividends were reinvested along the way, compounding into the total.
Per-transaction breakdown
Showing 10 most recent of 118 transactions
Transaction dateAmountBTC value nowMSFT value now
Aug 10, 2026Sale$109M$109M$109M
Aug 3, 2026Sale$105M$105M$105M
Jul 6, 2026Sale$135M$135M$135M
Jun 30, 2026Sale$81M$81M$81M
Jun 22, 2026$35M$42M$46M
Jun 15, 2026$100M$129M$125M
Jun 8, 2026$101M$126M$121M
Jun 1, 2026Sale$2M$2M$2M
May 18, 2026$2.0B$2.0B$2.4B
May 11, 2026$43M$43M$52M

MSFT value includes reinvested dividends. Splits are silently adjusted. Saylor often makes multiple purchases per month — each is its own row. See methodology.